Inconclusive report adds more fuel to firestorm at Bumi

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The battle for control of Bumi escalated still further yesterday when a report
failed to answer questions about the alleged disappearance of hundreds of
millions of pounds, and Nat Rothschild launched a broadside against the
Indonesian miner’s chief executive.

Mr Rothschild said that there were “serious and material” doubts about Nick
von Schirnding’s claims to be a qualified lawyer and accountant. The
financier said Mr von Schirnding had misled investors about his background
and that he and Sir Julian Horn-Smith, Bumi’s chairman, should stand down.

The company stood behind Mr von Schirnding, saying it was “entirely satisfied”
with the chief